Issues & Insights

Joe Biden: Tax Tyrant, Tax Cheat, Tax Hypocrite

If there were any doubts that the Democrats are closeted authoritarians who sometimes crack the door and reveal their urge to rule like autocrats, all should have been removed last week when President Joe Biden yapped about federal tax policy.

“I’m running to change the dynamic of how the economy grows,” he said. “I’m tired of trickle-down. Trillionaires and billionaires are doing very, very well.”

First, as has been noted elsewhere, there are no trillionaires in the U.S. It shouldn’t be too much to ask a U.S president to know this, but Biden, afflicted with a sharp cognitive decline and a long history of wild embellishment, is no normal president.

Second, it’s not up to Biden to change the “dynamic” of how the economy grows. That’s not his job. An economy grows organically, through the spontaneous, non-coerced actions of free people. Central planners cannot command an economy to expand. Biden was elected to be the CEO of the federal government, and to “preserve, protect and defend” the Constitution, not to carry out his personal preferences. 

Furthermore, Biden has neither the moral nor constitutional license to meddle in private affairs and employ authoritarian means to abolish something simply because he’s tired of it. He is not a king whose whims are law.

An objective media wouldn’t let him get away with making statements in which he makes threats the way a monarch would. But our press is largely along for the ride with the left. They want Democratic presidents to have czar-like powers.

Had he stopped at his “tired” comment, Biden would have been in a deep enough hole, at least with those who aren’t members and patrons of the ruling class. But there’s never been a governor on his tongue, so he continued to dig, insisting the wealthy should be taxed more.

So he continued, later saying that it’s necessary to hire more IRS agents, “not to try to make people pay something they don’t owe,” but to “just say, ‘Hey, step up. Step up and pay like everybody else does.’”

“I just think it’s about just paying your fair share, for Lord’s sake,” he said.

This from a wealthy career “public servant” who reportedly owes up to $500,000 to Washington in unpaid taxes, because he might have “improperly avoided paying Medicare taxes before he took office,” based on the findings of a Congressional Research Service report, says Fox News.

“In 2017, multimillionaire Joe Biden skirted his payroll taxes – the very taxes that fund Medicare and ObamaCare,” said Indiana Republican Rep. Jim Banks, chairman of the Republican Study Committee.

“According to the criteria CRS provided to my office, he owes the IRS and the American people hundreds of thousands of dollars in back taxes,” Banks said. “Every American should know about Joe Biden’s tax hypocrisy.”

Every American also needs to be aware of how Biden and his party want to treat the people of this country as subjects. Listen to what Democrats say and how they say it. Their words give away their bad intent.

— Written by the I&I Editorial Board

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Issues & Insights is run by the seasoned journalists behind the legendary IBD Editorials page. Our goal is to bring our decades of combined journalism experience to help readers understand the top issues of the day. We’re doing this on a voluntary basis, because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. 

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